1940-07-20 — Page 10

JULY 19, 1940.

STOCKS

Last Sale

FTOCKS

July 18

Last Sale

July 18

Adams Express

5!

Alleghany Steel Co.

213

Kennecott Copper... Lakey Foundry & Mac.....

252

3)

Allled Stores

6

Libbey-Owens-Ford

Glass

39

Allis Chalmers

30

Lockheed Aircraft

25+

Aluminium Ltd.

60.

£

Loew's, Inc.

237

Amer. Can

94%

Loft Incorperated

231

American Cyanamid B.

321

Mack Truck Inc.

20

War Loan, 31%

after 1052)

(Red

081

Amer. & Foreign Power

11*

Martin, Glen L

29

Canton-Kloon Rly. 5% 6

Amer & Foreign $7 pf.

14"

McKesson & Robbins, più.

22

Chinese 41% Gold Loan

NEW YORK.. July 18, 1940.

American Gas & Elec,

33

Monsanto Chemical

901

1898 (Brit. Issued

35

121*

Montgomery Ward

391

Chinese 5% Gold Bonds.

SINGAPORE RUBBER

141

National Aviation

01

1925-47 ..

43

Amer. Radiator

51

Nat, Dairy Products

148

Chin. 41% Anglo-French

Amer. Rolling Mil

10%

Nat, Distillers

201..

Loan, 1908

44

SPOT....

Amer. S'ting and Ring Co.

36

National Gypsum

01

Chinese 5 Crisp Lean.

OCT./DEC.

Amer Sugar Reining

131

National Lead

17

1912

15

JAN./MAR.

Amer. Tel, & Tel.

1811

Nat, Power & Light

Chinese 5 Reorg. Loan,

Amer. Tobacco "B"

771

1913 (Ldn. Is.).....

20

National Steel Corp.

58

The market was dull LONDON RUBBER

Amer, Waterworks

GT

National Supply Corp.

6.

Chinese 84 Ster. Noten.

Anaconda Copper

19

1925 (Vickers)

B

New York Central

12.

Atchison, T. & S. Fe

16

Niagara Hudson Power

+1

Chin. Imperial Rly. 5%

SPOT

Awation Corp. ...

5.

N. American Aviation

141

Loan

56

AUGUST

Bacock & Wilcox

24.

North American Co.

20

Hoban Rly. 5%

12

SEPTEMBER

Baldwin Lecometive Baltimore & Ohio

Barber Asphalt Co.

141

Northern Pacific

61

Yukuang Rly. 5%, 1911...

OCT.-DEC.

31

Owens-Illinois Class Co..

(LP. N/Y Issue)......

14

JAN.-MARCE

PAGE 10-HONGKONG DAILY PRESS

FINANCE

FOREIGN MARKETS & QUOTATIONS

NEW YORK STOCK EXCHANGE

Amer. Locomotive

Amer. Metals Co.,

QUOTATION

(REUTER'S SERVICE)

គិត

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, July 18. The following quotations are the middle prices at the close of the market in London. All quotations: are subject to confirmation and no responsibilty is assumed for errors in transmission.

PAYNE &

CO.

COMMODITY BROKERS

BUILDING STOCK EXCHANGE"

HONGKONG

COMMODITY

MARKET REVIEW (FROM PAŸNE & CO.)

Previous July 18

Close Opening Closing Buyers Buyers

SATURDAY, JULY 20, 1940.

BANKS

HONGKONG. & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital..... $50,000,000 |

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1859

Resorva Funds:

Paid-Up Capital Sterling

£6,500,000 Reserve Fund

....£3,000,000

£3,000,000

£3,000,000

E.E. Currency Reserve $10,000,000 Reserve Liability of Pro- Jeserve Liability of

Propriators

..$20,000,000

Head Office:--HONG-KONG

Board of Directors: H. V. Wilkinson, Esq.,

Chairman.

Hon. Mr. J. J. "Paterson,

Deputy Chairman. J. K. Bourfold, Esq.,. A. H. Compton, Esq., Hon Mr. S. H. Dodwell,,

C. O. Roberts, Esq.,

Hod. Mr. A. L Shield,

Fir Vandeleur M. Grayburn,

Chief Manager.

prietora

HEAD OFFICE: LONDON:

.35, Bishopsgate, E.0.2.

Sub-Agencies In London: 117/12, Leadenhall Street, E.Ü.a West End Branch:

14/10 Cockapur Street, S.W1 Manchester Branch:

52, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES:

HARBIN

PENANG HONG KONG MANGOOS

ALOR STAR ВЫДІТВАЦ BANGKOK

BATAVIA BOMBAY

CALOUTTA

AGENCIES: KOB CUTE STREET CATELJA PLACE

CANTON GAWKFORM

KUALA

ILOTEN IPOB

ΚΑΙ ΦΩΝ

BEREMBAN

KARACHI KLARO

SHANGHAI

SINGAPORA

BITIAWAN

SQUBARAYA

LUMPUZ

TAIPING

KUCHING

TIENTSIN

KADRAS

JONGKAR

MANILA

(Bhuket)

MEDAN

TSINGTAO

NEW YORK

ТОКОНАМА

Change

36-3/4 36-7/8

38-3/4

unch.

1. Miskin, Esq.,

34-1/2 34-5/8

34-1/2

K. S. Morrison, Esq.,

32.

32-1/8 32

T. E. Pearce, Eaq,

Previous close Today's close;

buyers

12-1/16

buyer

Change

12-1/16

unch.

Branches:

*ཟ****།-

...... 12-1/16

12-1/18

...... 11-7/8 ...... 11-1/2

11-7/8

Amoy

Johore

11-1/2"

Bangkok

Kobe

Rungoon Saigon

Batavia

Kowloon

San

CIA D COLOMBO DELHI

11-1/4

11-1/4

Bombay

Kuala

Francisco ALPHONG

503

91

Racific Gas & Elec

291

Bukuang Rly. 5%, 1911

The market was quiet.

Calcutta

Lumpur Shanghai

Barnsdall Ou

8

Pacific Lighting

42 -1

Bell Aircraft Corp.

15!

Packard Motors

31

Bendix Aviation

281

Pan-American Airways

141

"German Issue) Lung Tsing & U.

Riy, 5% 1913

Hal

NEW YORK COTTON: Crop in Texas,. and Oaklahama is gen- erally about the same as last year. We expect crop In Central and South Texas average two weeks late.

Canton

London

Singapore

Chefoo

Lyons

Sourabaya

Colombo

Malacca

Sungei

Dairen

Manila

Patani

Bethlehem Steel

76

Paramount Pictures

S'hai-N'King Rly. 5%

5

Bliss Co.

14*

Pennsylvania R.R."

191

Boeing Airplane Co.

141

Phelps-Dodge

201

Tientsin-Pukew Rly. 5%

(Brit. Stpd.)

CHICAGO WHEAT: Market dull. Outside and local interests is dwindling. Late moisture is allaying dry-weather fears.

Foochow Muar

Swatow

Bankow

Borg-Warner

16

Philadelphia Read, Coal

Tientsin-Pukow Rly. 5%

+

Bridgeport Brass Corp.

Phillips Petroleum

321

(German Stpd.)

8

NEW YORK STOCKS: 123.00: Change, up .18

Previous close, 122.82: Today's close,

Harbin Hnila

Mukden New York

Tokyo Tsingtao

Peiping

Yokohama

Briggs Mig.

172

Pittsburg Coke & Iron

.62*

Brooklyn-M'hattan Trans.

23

Public Service of NJ,

37

Tientsin-Pukow Rly..5%

(Brit. Stpd, Supl. Loan) 8

Ipoh

Brooklyne-Man. Fid

108*

Tientsin-Pukow Rig. 5%

Pullman Lic.

·191

Budd Mfacturing Corp.

Pure Oil

Canadian Pacific Rway.

27

Radio Corpn. of Am. ***

51

Case." ............

50

Reading Company,

Ger. Stpd. Supi. Loan) Jap. 5 Ster. Loan. 1924 30 Ger, 7% Inti. Loan, 1934 51

8

NEW YORK COMMODITY MARKET

Com

121

Celanese

28

Chartered Bank

(REUTER'S SEKVICE)

Remington Arms Co., Inc.

41*

Chesapeake & Ohio

37

Republic Aviation Corp.

H.K. & S'hai Bank (Ldn

41

Chrysler Corpn.......

B5.

Reg.)

68

High

Republic Steel

107

Climax-Molybdenum Co.

271"

Revere Cop. & Brass Inc. ...

HK. & S'hai Bank (Col.

New York Cotton. Det.

9.42

Prev. Today's Low Close

9.32 9.43**

D

Colts Patent Fire-Arms

73"

Reg)

ва

Reynold Tobac. "B"

383

New York Rubber, Sept.

19,65

19.48 10.47

Columbia Gas & Rec.

52

Chinese Eng. & Mining

Richfeld Of

B..

Chicago Wheat, Sept.

75

.731

*741

Columbla 6% “A” pf. :..

84

(bearer)

15/6

Safeway Stores

431

Commercial Credit Co.

281

Chosen Corporation

6/8

Schenley Distillers

91

Chicago Corn. Sept. New York Hides, Sept.

591

581

582

59

9.34 9.42

9.42

Close Change

9.33 .10 off 19.4801 up 731 $ on -་tup 9.16b 26 off

Com, & Southern (@rd.)

14

Pekin Syndicate

2

".

Sears Roebuck

73

Consolidated Exison Consolidated Ofl

Continental Can

Continental Of

201

S'hal Elec. Constr. Co.

15

NEW YORK COTTON

Close

Opening

Closing.

Shell Union OH

83

61

Shal Waterworks "A"

13)

Socony-Vacunum Onl

Union Insurance

20

July

9.75/75

deleted

delected

394

Southern Pacific

સ

187

Gula Kalumpong Rubber

19/9

July (New contract)

10.18/18

deleted

delected

Copperweld Steel

181

Southern Rly $5 pfd.

.161

B-A Tob

(bearer)...

83/14

October

-9.43/43

9.42/41

9.33/33

.10 ott

(Sperry

371

Corn Products

495*

Mercantile Bank

11

December

9.32/32

9.32/32

་

9.20/30

12 off

Spicer Manufacturing Co.

252

Ourtiss Wright (C)

71

Dunlop Rubber

24/8

January

Standard Brands

61

Curtiss Wright "A"

241

Bristol Aeroplane

March

(

{

...... 9,22 N

9.20b/22a

9.10

12 off

9.08/08

8/41

9.09/09

0.01л

.07 off

Stand Gas & Mec.

12-

Deare & Co.

15

Imperial Chemical Ind. 23/11

May

8.97/91

8.91/91

8.84/84

Standard Oll of California, 18

Distillers Corpn. Seagrams

152

United Steel .....

15/13

Spot

10.63 N

10.31n

.07 off 32 off

Standard OU of NJ.

'347

Woolworths

48/B

Total sales Wednesday:-0,700bales.

Douglas Aircraft

581**

Stone & Webster

33

Du Pont de Nemours

158

Marsmart Investments

8/8

Studebaker Com.

61

Eagle Picher Lead

31.

Western Holdings

1/3

NEW YORK RUBBER

Swift International

171

Eaton Mfg. Co.

291*

Sub-Nigel

142/6

July

21.90/22.00

Technicolor

9**

Elec. Autolite

321

Shell Trans.& Trad.

September

19.47/47

19.50/50

22.30m

19.43/50

Texas Corpn.

39..

Elec. Bond & Share

61

(bearer}

32/0

December

Texes Oull Sulphur

311

Elec. Bond & Share $5 pl.

62

Nat Defence Bands, 3%

001

Tunken-Axle .......

231

January

London-Midlands-Sect.

Elec Bond & Share #8 pt.

713

March

Trans-America Co.

42.

Ficc. Power & Light 37 pt.

33)

tish. 3%

11}

20th Cent. FOL

02

May

18.75/75 18.71 N 18.83 N 18,63 N

18.76b/808 18.62b/708

unquoted 18.55b/70a

18,5ön "18.42

18.42n

40 up .01 up

13 off

IF

.15 off

.21 off

21 off

Great Western Rail-.

Fisk Rubber

104

20th Cent. Fox, $1) pí.

140"

Tintkote

13

Nat. Bank of India, 3%

261

Union Bag & Paper Corp.

11

"Gen. American Trans.

45"

way, 3%

234

Total sales:-1,420 tons;"

CHICAGO WHEAT

Union Carbide & Carbon

70

Gen. Electric

311

Union Pacific

82

Gen. Motors

44

United Aircraft

34

Gen, Raliway Signai

11"

United Airlines Trans

Gen, Tire & Rubber

12

United Carpa,

2

Glidden Co.

Goodrich (B.F.)

12

12

United Corpn. $3 "cum pf. 331

United Gas Corpn.

11

Tin.

Goodrich $5 pf.

524*

United

Gas Improvement

12

Price.

266-5/8.

Goodyear Tire & 00.

141

US.. Industrual Alcohol...

18.

LONDON METALS

EXCHANGE

London, July 18 (Reuter).

Standard, Cash,

Tin, Standard, 3 months, Middle

July

731/731

731/731

1 off.

September December

-749/744

741/741

732/74

off

751/75) * 75/751.

751/751

I off

Wednesday's sales:-10,710,000 bushels. "

Middle

CHICAGO CORN

July

621/621

621/621

up

Great Northern Iron Ore ...

14

U.8. Rubber

191

Price, £265-1/8.

September".

581/58/

58/582

59/591

1.up

Great Northern Rly, ofd.

231

US. Rubber sa píd. ..........................

76)

December

531/531

531/537

548/541

up

Great Western Sugar

21

U.S. Steel

521

Greyhound Corpn.

·11

Vanadium

30

Hercules Powder Co,

82

Vultee Aircraft

61*

Homestake Mining

432

Walworth Co.

31

International Harvester

39%

Warner Bros. Pict.

21

Int Mickel

234

Westinghouse Elec.

93

Inter: Paper & Power

12#

Woodward Iron Cor.

241

Int, Tel. & Tel

2**

Chase National Bank

Johns Manville

56+

J. & Laughlin Steel $7 pfd.. 744

National City Bank

SILVER MARKET

LONDON SILVER

London, July 18 (Reuter). Silver-Bears covered. Offerings small. Buyers satised.. Market steady. In the afternoon, the market was quietly steady.

Spot, 22-1/2d.

Forward, 21-15/16d,

WINNIPEG, WHEAT

July

71 a

71ğa

unch.

October.

7318

73ğa

December

74||2

734a 7412

NEW YORK HIDES

Change

Haiphong (Johore) Tientsin

Penang

HANKOW

PELPING

(Peking)

FORE.ON EXCHAngs and "Deneral Banking Business transacted.

CURRENT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencies at rates, which will be quoted on application.

SAVINGS ACCOUNT also opened in Local Currency and Sterling with CURRENT ACCOUNT opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED Data on application.

received for one year or shorter The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be quoted on application.

business, and claims recovery at

ALBO up to date SATE DEPOSIT British Income Tax overpaid, on terms which may be ascertained at Boxes. in various sizes To L

any of the Agencies and Branches. Hong Kong. 28th February, 1940.

R. A. CAMIDGE,

Manager,

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG &SHANGHAI BANKING COB- PORATION. Rules may be obtain- ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong 26th Feb., 1239.

THE CHASE BANK

18. QUEEN'S ROAD, CENTRAI

HEAD OFFICE:

18, FINE STEERT,

+ NEW YORK An American Bank offering com plete Foreign Banking Servic in the principal Markets of tb.......j world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Baak is entirely owned b BANT CHASE NATIONAL THE NEW YORK, with Resources of ove U.B.$2,500,000,000.

D. M. BIGGAR,"

Second Vice Pre

THE MERCANTILE BANK OF INDIA, LIMITED

Head Officez-15, Gracechurch Street," London, EC4

Authorised Capital

BANK OF EAST ASIA, LIMITED

Authoriad Capital.....$10,000,000.00 ...... 5,888,000.00 Paid-Up Capital Reserve and Undivided

.2,983, 201.50 Profits

Head Office:-HONG KONG No 10 Des Voeux Road, Central,« Board of Directors:

-SIA SHOPSON "Cuow, Chairman Li Koon Chen, Esq. Li Lan Sang, Eng. P. K. Kwok, Esq. Wong Chu Son, Baqi Wong Tan Tong, Esq. Kan Ying Fo,

.

Chan Ching Skok, Raq, Fung Ping Wah Esq KAN TONG PO, Esq., Chief Manager Li Tas Foxo, Esq., Manager

Amoy

Batavia

Kobe

Branches and Agencies:--

Kowloom Perang Bingsporn Loudon Rangoon Manila Saigon

Party

Peping

Bonrabers Bważow

clado en ti

"Shanghai

Every description of Banking and Exchange business transacted. Loan granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter pariods in Local and Forsign Car- rencies on terms which will be quoted on application.

SAVE LEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

HAMBURO

ין

4

Bombay

Calcutta

Melbourne San Fran- Bydasy

Haiphong Bankow Honniala

Magteska New York

Sot

Bemarang

September

9.42/42

December

New York Oficial..... 34-3/4 NY-London Cross Rate 3.77-1/2"

.....bid.

1-ex div.

DOW JONES "AVERAGE

1039/40

July 10, 1940

High

Low Dow Jones Averages July. 17, High Low Close

Change

1552 111 84 30 Industrials

112,82

19322 122 62 123.00

18 En

35.90 22 15 20 Rails

28.35

27.70 1800 20 Utilities

22.51

22 22 93 08 40 Bonds

88.61

65.67 45.59 11 Commodity Index 60.78

BROKERS' LOANS

New York, July 18 (Reyter),

Loan on securities to brokers in

04 up 20 51 28.25 26 39 2264 22 46 92.57 .08 up

FB 04.03 up 60.57

Business Done -220,000 shares

LONDON STOCK

EXCHANGE

LONDON. July 19 (Reuter)-On New York:

the Stock Exchange, Katirs and Week-ended Week-ended

Week-ended home rails benefitted from the quist support but the other groups 18/7/40 11/7/40 13/7/39 *$496,000,000 £285,000,000 $287,000,000 were mainly fractionally easter, on

The

Department

Di

Recon-

lack of business.

Far Eastern bonds were excep- struction has made plans for in-tionally strengthened on hopes at reading the production of paper an improvement in the Sino-Ja- to a daily output of 5,030 reams Danese situation

within packing

twe

for

Kears Newsprint, text-books paper will be produced under these plana, Producers will be organiz- established ea and co-operatives

so as to improve and expand the output.

Wall Street was irregular.

LONDON GOLD

London, July 13 (Reuter). Bar Gold. Fine per oz., 138/

INDO-CHINA

STEAM NAVIGATION COMPANY 175

Operating Services for Cargo and Passengers

TO

H

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

HAIFHÓNG

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed. .

For further particulars

please apply to

BANKERS:

The Bank of England and Midland

Bank, Ltd.

HOTEL

BRANCHES:

Kaala Trebygans Mad

Xunta Gámpur Singapore HONG KONG BRANCH: Every description of Banking and Bachang business transacted.

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN JURRENT LOCOUNTS opened in Loo dar Day, an FIXED DEPOSITS received in Local Curran & STERLING, on terms that may be amcertalɔed on aplication

D. BENSON.

What do

J!!

you

want?

If there is anything you want to buy or sell,"

8 try

amall Classified advertise- ment in the Hong- koog Dally Press.

JARDINE MATHESON&Co.,LTD.||25 words $1.50 prepaid TELEPHONE ZOZII GENERAL MANAGERS

for 3 insertions.

آپی

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL 840,000,000.

(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend o our Clients special facilities for Boraestio and Foreign Banking and Exchange.

Head Office:-SHANGHAI

Hong Kong Branch;"'

4,. QUEEN'S ROAD, C.- South China Ofices:

CANTON

EWATOW

SHIUCHOW.".

KONGMOON TOISHAN KINGOHOW

We also handle the issue of Bonds and other: Public Funds of the Chinese Government both at Home And Abroad.

SHOU J. CHEN,

Manager.-

9.58/60

9.35b/50a 9.59/59

9.16b/213 9.35/35 34-3/4

26 of

Babsertbed Capital

Paid-up Capital

Reserve Fund and East,

23,000,000

£1,900,000

£1,000,000

£1,254,028

23 off

3.81

Bangkok

Spoti

Bombay. Oalenti

Sides

Colombo

Hoartes Handy

Karbohi

New York

Delki Galla

Kota Bhar

Shanghai

Hongkong

Kanin Lipi

Hlunt

Penang

Bangoos